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Franklin EDC unanimously approves seven-year personal-property abatement for Innovative 3D
Summary
The Franklin City Economic Development Commission approved a seven-year personal-property tax abatement for Innovative 3D covering an estimated $10,000,000 in new equipment, with the standard EDC fee. Company representative Todd Gentry described rapid production growth, plans to move into a 30,000-square-foot facility at 991 Linville Way in early
The Franklin City Economic Development Commission on Thursday approved a seven-year personal-property tax abatement for Innovative 3D tied to roughly $10,000,000 in new equipment, and applied the commission’s standard EDC fee.
Todd Gentry, an Innovative 3D company representative, told commissioners the Franklin-based metal additive manufacturer has grown from roughly 30,000 parts a year to more than 100,000 parts shipped in the current year, serving aerospace, defense, medical and heavy-duty diesel customers. "We went from doing roughly 30,000 pieces a year to already this year…100,000 pieces shipped," Gentry said.
The company described its process as metal additive manufacturing using fine metal powders and said it holds multiple industry certifications required for defense and…
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